Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1887-05-13
COTTON CONGRESS.
Permanent Organization Of the Co
Operative Manufacturing ALI
EucC Of Texas.
A Board of Directors Elected and By Laws
Observation-Disclosures TakSn
Until August Next.

Special to the Gazette.
WACO, TEX, May G-The Cotton Con-
gress assembled at GIO0Te's hall Friday
morning 81 g o'clock and the meeting
was opened with prayer by Rev. Mr..
Ethridge. Il was announced that the
committee OF eleven was. ready. ard they
submitted the following report which was
received and adopted:
I. The name Of this association shall be
known SIS the Cooperative Manufacturing
Alliance OF Texas.
,. The business Of this association shall
be managed and controlled by thirteen
trustees, who shall be known as the gen
eral board Of directors.
q. No person shall be eligible to Office
as director Cf this association unless ne
is 9 stOckhOlder end q member in good
standing Of the Farmers Alliance.
4. The regular meeting OF the stock
holders shsu be held annually in August
With and during the meeting Of the Farm
ers' State Alliance.
). The first general board OF directors
shall be elected by the Cotton Congress
now IN session In Waco IS follows; 0Ge
from each congressional district and two
from the state ct large, and they shall
hold oUce until the regular meeting in
August, 1888, and always theresfter said
board shall be elected by stockholders st
each regular August meeting assembled.
e. The general board Of directors shall
elect from their body q president AID
vice-presideEt.
:. The general board Of directors shall
have full power TO employ or discharge
secretary and treasurer and such other
agents anC employees IS they may deem
proper, and in all CsScS shall take 8 good
and sufficient bond t. cover all RESPONSE
biliti wherein their judgment the inter
est of the order requires.
8. The genera board Of directors shall
give notice Of ell meetings of the stock
holders by publishing q S tatement of the
time and place Of such meeting for at
least thirty days.
g. The general board of directors shall
meet quarterly, and shall at &ll times be
subject TO the call Of the chairman.
10. The object of this association shall
be to assist, direct, harmOniEe and SUs-
tain all alliance cooperative associations
that msy by proper application to the
board OF directors be received aud
adopted as q branch of this association
Il. This association may lave as mGny
state OF Texas as ia the discretion Of the
board of directors seem necessary in the
full Development of the manufacturing
enterprise of the order, provided each
branch shall comply with the bylaws
hereof
-. ANY alliance cooperative 6ssocia-
ton wishing TO avail itself O. the advan-
tsges to be derived as branch OF thiS5
association shall file with the bOar(kSof
directors copy Of their ErGpOse&. by
laws, rules and regulations, tCgethefwithd
statement 80 full of their Dlen Of CORrs
Quoting the business and accurate Ger
CTiptiOn Of the commodities they EEo1
posed 80 manufacture.
%. The general board OF directors,
when any cooperation snail tie 9 show
ing above specified shall ct tkeiT first
annual meeting thereafter make q care
ful examination Of said showing, and if
they shall fGd, first, that said assOCIa-
ton is to be conducted on cooperative
plan; second, that it Will be absolutely
under the control Of .he stockholders be-
longing 10 the Alliance; third, that it
will conform TO the bylaws of
this association; fourth, that the
product they propose to manufacture is
not Identical with that already proposed
TO be manufactured by the same alliance
cooperation association already branch
Of this associations, sc as to prodGce {. con-
tIct in tie same; when, and in that case,
they shal, issue written certificate Of
81 adoGt:on, stating that such CO.
operative association is a duly recog-
nized branch of this state association,
and that its stock is recommended
as safe, worthy and advisable INJECT
ment, and that all persons dealing with
said association either in the purchase
OF stock, CT purchase aad sale of com
mOdities are notified thG5 said assOeia-
ton has the Endorsement of this state
association.
"A. When GnT branch O. this associs-
lion shall make duplication to the general
GOard for funds to assist in starting
or to conduct its business they shall
make true statement of FEe amount OF
cash capital already paid into the treaS-
uEy Of said branch and shall .hypothecate
an amount Of lheir capital stock, equal To |
the amount Of funds desired. provided
the amount so applied for shall not ex-
ceeG the amount CT cash cgp;Eal stock
PAID N.
Is. When application shall have been
made IN conformity with section II. it |
shall BE the duty Of TIE general bcard of /
directors TO advance TIE funds Of this as |
SoCistiOE Gs therein specified sad IS in |
their Judgment and ability msy seem
best, for ghe whole AMOUNT or any part
thereof.
I6. The eapital stock Of this Rssoeia-
ton shall be divided into shares of s. |
each, and every application for stock |
shall be accompanied by 10 per cent. OF
TIE face value thereof, and one-half of the
unpaid amount of stock Sc subscribed |
snail be due and payable on the 1st day
Oh October following, and the remainder
On the same date one year thereafter.
IL. Ten per cent. Of the gross cash re-
celpts from the sale and assessment of
capital stock shall be set aside as the
klny sble fund, and from which the run
Expenses of the association are to
- g ID; provided the business of the